Brazil Commercial Refrigeration Equipment Market Size & Outlook
Brazil commercial refrigeration equipment market, 2018-2030 (US$M)
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Brazil commercial refrigeration equipment market highlights
- The Brazil commercial refrigeration equipment market generated a revenue of USD 616.3 million in 2023 and is expected to reach USD 921.7 million by 2030.
- The Brazil market is expected to grow at a CAGR of 5.9% from 2024 to 2030.
- In terms of segment, refrigerators & freezers was the largest revenue generating product in 2023.
- Transportation Refrigeration Equipment is the most lucrative product segment registering the fastest growth during the forecast period.
Commercial refrigeration equipment market data book summary
| Market revenue in 2023 | USD 616.3 million |
| Market revenue in 2030 | USD 921.7 million |
| Growth rate | 5.9% (CAGR from 2023 to 2030) |
| Largest segment | Refrigerators & freezers |
| Fastest growing segment | Transportation Refrigeration Equipment |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Transportation Refrigeration Equipment, Refrigerators & Freezers, Beverage Refrigeration, Display Showcases, Ice Merchandisers & Ice Vending Equipment, Other Equipment |
| Key market players worldwide | Ashford Hospitality Trust Inc, Altus Group Ltd, Carrier Global Corp Ordinary Shares, Daikin Industries Ltd, Dover Corp, Electrolux AB ADR, Panasonic Holdings Corp, Illinois Tool Works Inc, Johnson Controls International PLC, Lennox International Inc, Whirlpool Corp |
Other key industry trends
- In terms of revenue, Brazil accounted for 1.5% of the global commercial refrigeration equipment market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil commercial refrigeration equipment market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 915.9 million by 2030.
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Commercial Refrigeration Equipment Market Scope
Commercial Refrigeration Equipment Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil commercial refrigeration equipment market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to commercial refrigeration equipment market will help companies and investors design strategic landscapes.
Refrigerators & freezers was the largest segment with a revenue share of 25.49% in 2023. Horizon Databook has segmented the Brazil commercial refrigeration equipment market based on transportation refrigeration equipment, refrigerators & freezers, beverage refrigeration, display showcases, ice merchandisers & ice vending equipment, other equipment covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil witnessed the highest market share of 35.7% in 2022 and is expected to continue a similar trend over the forecast period. This strong market presence in the country is accredited to the substantial use of refrigeration equipment in food retail market, which is supported by the significant population of Brazil.
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Target buyers of Brazil commercial refrigeration equipment market databook
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Our clientele includes a mix of commercial refrigeration equipment market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil commercial refrigeration equipment market , including forecasts for subscribers. This country databook contains high-level insights into Brazil commercial refrigeration equipment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil commercial refrigeration equipment market size, by product, 2018-2030 (US$M)
Brazil Commercial Refrigeration Equipment Market Outlook Share, 2023 & 2030 (US$M)
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